SENSEX HITS 12,000 MARK

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Mkts rally; financials, IT, metals, cap goods, realty surge

At 12:05 hours IST, continuous buying in metal, technology, banking, realty, capital goods, auto and oil & gas stocks was helping the benchmark indices to stay on the higher side. The broader indices were also witnessing buying interest. Positive Asian cues were supportive to our markets.

The Sensex was trading at 11,947, up 544 points and the Nifty went up 139 points, to 3,612, at 12:05 hours IST. The BSE Midcap Index was up 3.3% and the Smallcap Index rose 2.8%.

On the sectoral front, the BSE Metal index surged 6.6% followed by Bank, IT, Realty and Capital Goods indices, which shot up 5% each. Auto, FMCG, Oil & Gas and Power indices rose 3-3.7%.

Among the Asian markets, Taiwan Weighted gained 5.6%. Hang Seng and Straits Times went up over 4%. Shanghai and Jakarta Composite went up over 3%. Kospi gained 2%.

Sensex inches up towards 12K; metals, IT, banks surge

At 10:54 hours IST, the markets were trading strong on the back of huge buying in metal, technology, oil & gas, rate sensitives and infrastructure stocks. Broader indices were also following the same trend. The Nifty was consistently trading above the 3600 mark while the Sensex was inching towards the 12,000 mark.

Among the Asian markets, Taiwan Weighted was up 6% and Hang Seng gained 4.2%. Straits Times went up 3.8%. Shanghai and Jakarta Composite were up 2.44-3%. Kospi went up 1.44%.

Reliance Industries, ONGC, TCS, HDFC, SBI, Infosys, Wipro, NTPC, ICICI Bank, L&T, ITC, Bharti, BHEL and SAIL were the leading counters in today's rally, gained 2-10.5%.

The Sensex was trading at 11,944, up 541 points and the Nifty shot up 145 points, to 3,618, at 10:54 hours IST. Broader indices - BSE Midcap and Smallcap indices rose 2.7-3%.

The BSE Metal was outperforming other indices, shot up 6.5%. Sterlite Industries, Tata Steel, Hindalco, Sesa Goa, SAIL, JSW Steel, JSL and NALCO were up 4-10%.

Banking, technology and capital goods were other sectors, which were helping the indices. Respective indices gained 4.5-5.5%.

In the banking space, ICICI Bank was up 7%. HDFC Bank and SBI were up over 5%. Axis Bank and PNB rose 4.5% and 2.5%, respectively.

Among the technology stocks, TCS, Wipro and Infosys gained 4.7-8.7%.

L&T, Siemens and Punj Lloyd shot up 6-6.9%. BHEL was up 3.23% in the capital goods pack.

Among other sectoral indices, Realty, Oil & Gas, Power, Auto and FMCG indices gained 2.6-3.5%.

In the midcap space, Aurobindo Pharma, MindTree, Sintex India, Pantaloon Retail and EID Parry surged 9-11%. In the smallcap space, Fresenius Kabi, Kesoram, JK Tyre, Aztecsoft and HSIL shot up 10.5-20%.

Nifty hits 3600 for 1st time since Oct 14, 2008

Positive Asian cues lifted the benchmark indices strongly higher. Buying was seen in metal, banking, capital goods, oil & gas and power stocks. The Nifty tested the 3600 mark for the first time since October 14, 2008 while the Sensex was trading closer to the 12000 mark.

At 9:57 am, the Sensex was trading at 11,917, up 514 points and the Nifty surged 137 points, to 3,610. The CNX Midcap went up 2.5% or 97 points, to 3,957.

Among the frontliners, Unitech, Suzlon (ups stake in REpower to 76%), ICICI Bank, Tata Steel, Siemens (bags order of Rs 1380 crore), ONGC, SBI, Reliance Capital, SAIL, L&T, Bharti, HDFC, Reliance Communication, Sterlite, Axis Bank, HDFC Bank and DLF were the gainers.

On the sectoral front, BSE IT and Bank indices were up 4.5-5%. Oil & Gas, Power, Auto, Metal, Realty and Capital Goods indices gained 2-3.5%.

Midcap and Smallcap space

Educomp, PTC, Punj Lloyd, HCC, Noida Toll, Balrampur Chini, Bajaj Hindusthan, Essar Oil, Triveni Engg, Tech Mahindra, Alok Industries, Puravankara, Great Offshore, Core Projects and Amtek Auto gained 1.5-7%.

Global cues

Asian markets were trading strong. Taiwan Weighted jumped 6%. Hang Seng, Straits Times and Jakarta Composite gained 3-3.6%. Shanghai went up 2.3% and Seoul Composite gained 1.44%. Nikkei is shut today.

Commodities

Crude oil gained nearly 4% on Friday to settle above $53 a barrel.

Base metal rally nearly 3-5% on the back of expansion in Chinese manufacturing data.

Market cues:

-FIIs net sell USD 34.5 million in equity on April 28
-MFs net sell Rs 372.5 crore in equity on April 28
-NSE F&O May series begins with Open Int of Rs 56,023 crore versus Rs 51,184 crore in April
-FIIs net buy Rs 365 crore in cash markets on April 29 (prov)
-DIIs net sell Rs 404 crore in cash markets on April 29 (prov)
-FIIs net buy Rs 1,297 crore in F&O

F&O cues:

-Market-wide rollover at 76% versus 77% last series
-Nifty Rollover at 74% versus 70% last series
-Nifty April Futures trading at 9-point discount versus par at beginning of Mar series
-Nifty Open Int PCR starts at 1.10 versus 1.52 at beginning of last series
-Nifty Puts add 37 lakh, Calls add 34 lakh shares in Open Int
-Nifty 3400 Put adds 13 lakh shares in Open Int
-Nifty 3800 Call adds 10 lakh shares in Open Int
-Nifty 3500 Call adds 5 lakh shares in Open Int
-Stock Futures net add 4 crore shares in Open Int
-Unitech up 2.3%, sheds 1.8 cr shares in total Open Int; May discount down from 4-points to 0.6 points
-Dish TV up 11.4%, Futures add 56 lakh shares in total Open Int
-RNRL up 3.5%, adds 25 lakh shares in total Open Int
-JP Assoc up 7%, adds 25 lakh shares in total Open Int
-Nag Fert up 4%; adds 19 lakh shares in total Open Int
-Arvind up 9%; adds 17 lakh shares in total Open Int
-BOI down 6%; adds 15 lakh shares in total Open Int
-Welspun Guj up 9.5%; adds 12 lakh shares in total Open Int
-Rolta up 5.9%; adds 10 lakh shares in total Open Int